Nagarjuna Construction Company Ltd has recorded a lower net profit of Rs 20.10 crore for the first quarter ended June 30, 2012, as against Rs 31.81 crore it logged in the corresponding quarter last year. Its profitability was impacted by high interest costs, which put pressure on margins.
The turnover of the Hyderabad-based infrastructure company, on a consolidated basis, was up 12 per cent at Rs 1,816.52 crore against Rs 1,625.15 crore in the quarter under review.
The company's earnings before interest, taxes, depreciation and amortisation stood at Rs 204.14 crore for the first quarter as against Rs 343.08 crore in the same period last year. It posted a lower EPS of Rs 0.79 in the first quarter as against Rs 1.22 in the corresponding quarter of the previous year.
On a standalone basis, the company achieved a turnover of Rs 1,495.55 crore (including other income) in the first quarter this year as against Rs 1,166.45 crore in the corresponding quarter of the previous year, registering a growth of 28 per cent.
The net profit for the first quarter was lower at Rs 16.61 crore as against Rs 23.28 crore reported during the same period of the previous year.
During the first quarter this year, the company has so far secured orders aggregating Rs 2,001 crore, taking the order book to Rs 20,520 crore as at the end of the quarter.
The company’s shares closed the day at Rs 39.15, up 1.69 per cent.